5 June

Economics 102. Have a look at the graphs in this article. When government debt goes down, usually because some nincompoop is trying to 'balance the budget', private debt goes up. That's because the money to keep the country going has to come from somewhere, if the government cuts spending, individuals have to spend to make up the gap. Government *is* us, idiots who try to get rid of government just shift the burden to individuals. https://www.theatlantic.com/business/archive/2014/09/government-debt-isnt-the-problemprivate-debt-is/379865/